Centrica Share News (CNA)

Europe tries to shore up power firms with billions more

HELSINKI/ZURICH, Sept 6 (Reuters) - Finland and Switzerland provided billions in financial support to power companies on Tuesday, as Europe scrambles to secure energy supplies in a deepening crisis sparked by Russia's move to shut a major gas pipeline.

Centrica in talks to boost financing - report

(Sharecast News) - Shares in Centrica sparked on Tuesday on reports the blue chip was seeking additional credit to meet rising collateral demands.

Centrica seeks to meet collateral demands from volatile energy prices - FT

Sept 5 (Reuters) - Britain's largest energy supplier Centrica Plc is in talks with banks to secure billions of pounds in extra credit to meet soaring collateral demands as the energy market remains volatile, the Financial Times reported https://on.ft.com/3BidHn2 on Monday, citing people familiar with the matter.

European utilities slide as Russia keeps gas pipe shut

LONDON BROKER RATINGS: Berenberg lifts Hunting price target by 18%

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

LONDON BRIEFING: UK regulator clears NortonLifeLock purchase of Avast

(Alliance News) - The UK Competition & Markets Authority on Friday confirmed it has cleared NortonLifeLock's acquisition of its London-listed cybersecurity peer, following an in-depth merger investigation.

LONDON MARKET CLOSE: Gloomy PMI's, China lockdown send stocks running

(Alliance News) - Stocks in London ended Thursday covered in red, with a new lockdown in China and disappointing PMI prints around the world sending investors for cover.

LONDON MARKET CLOSE: Oil price drop drags FTSE on hit to energy stocks

(Alliance News) - Energy firms were struggling in London on Wednesday as oil prices came under pressure, sending the FTSE 100 lower.

LONDON MARKET MIDDAY: Stocks mixed as all eyes on Powell address

Alliance News) - Stock market investors were exercising caution on Friday, in the build-up to a highly anticipated speech by US Federal Reserve Chair Jerome Powell, seeking clues on policy direction going into the next interest-rate setting meeting.

LONDON MARKET OPEN: Micro Focus rises after agreeing OpenText takeover

Alliance News) - Stock prices in London opened higher on Friday as investors look ahead to a speech by US Federal Reserve Chair Jerome Powell later in the day, while Micro Focus shares surged after agreeing to a takeover offer from a Canadian rival.

UPDATE: Ofgem warns of "massive impact" as raises energy price cap 80%

(Alliance News) - UK's energy regulator Ofgem on Friday said it will increase the annual energy price cap on default tariffs by 80%.

TOP NEWS: Ofgem raises energy price cap by 80% to GBP3,549 per year

(Alliance News) - UK's energy regulator Ofgem on Friday said it will increase the annual energy price cap on default tariffs by 80%.

Britons to face shock of record leap in fuel bills

LONDON, Aug 26 (Reuters) - Britons will learn the reality of the looming winter energy shock on Friday when the regulator announces an expected 80% jump in its price cap, heaping pressure on the government to do more to help millions of households facing fuel poverty. Wholesale gas and power prices that were already rising after the pandemic have surged since Russia invaded Ukraine and Moscow curtailed gas exports to Europe, driving UK inflation to a 40-year high. The increases are passed on to British consumers through a price cap, calculated every three months, that was designed to stop energy suppliers profiteering but is now the lowest price available for 24 million households.

LONDON MARKET MIDDAY: Stocks mixed as wait for Powell speech continues

(Alliance News) - Stock prices in London lacked direction at midday on Thursday ahead of the start of the Jackson Hole Economic Symposium, with investors looking for clues on policy direction heading into the Federal Reserve's next meeting.

Centrica's British Gas to donate 10% of profit for customer support

(Alliance News) - Centrica PLC's British Gas Energy announced Thursday that it would be donating 10% of its profit made during the energy crisis towards grants for customers who are under pressure from rising energy bills.